CBON
VanEck China Bond ETF
CBON
VanEck China Bond ETF
-
NAV$22.65
as of December 05, 2025 -
Total Net Assets$18.12M
as of December 05, 2025 -
Inception Date11/10/2014
-
Gross Expense Ratio0.88%
-
Net Expense Ratio0.50%
-
30-Day SEC Yield1.18%
About CBON
The VanEck China Bond ETF (CBON®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the FTSE Chinese Broad Bond 0 – 10 Diversified Select Index (CFIICNDS), which is comprised of fixed-rate, Renminbi ("RMB")-denominated bonds issued in the People's Republic of China by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers.
Overview
Why CBON
- Access to the world's second largest bond market
- High credit quality, including corporate issuers rated investment grade by S&P or Moody's
- Low correlation to other asset classes
(Source: FactSet and ICE Data Indices, LLC.)
Yields as of 12/05/2025
Monthly
1.18%
1.58%
1.79%
Performance
Performance History:
Average Annual Total Returns* (%)| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/10/14 |
|
|---|---|---|---|---|---|---|---|---|
| CBON (NAV) | 0.66 | 1.00 | 4.51 | 4.43 | 3.12 | 1.79 | 2.10 | 2.00 |
| CBON (Share Price) | 0.65 | 0.70 | 3.95 | 3.88 | 3.62 | 1.61 | 2.16 | 1.98 |
| CFIICNDS (Index) | 0.82 | 1.23 | 5.03 | 4.81 | 4.03 | 2.63 | 3.00 | 2.88 |
| Performance Differential (NAV - Index) | -0.16 | -0.23 | -0.52 | -0.38 | -0.91 | -0.84 | -0.90 | -0.88 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/10/14 |
|
|---|---|---|---|---|---|---|---|---|
| CBON (NAV) | -0.11 | 0.29 | 3.36 | 0.48 | 2.89 | 2.30 | 2.03 | 1.93 |
| CBON (Share Price) | -0.44 | 0.43 | 2.77 | -- | 3.04 | 2.04 | 2.10 | 1.90 |
| CFIICNDS (Index) | -0.16 | 0.35 | 3.58 | 0.57 | 3.64 | 3.09 | 2.91 | 2.79 |
| Performance Differential (NAV - Index) | 0.05 | -0.06 | -0.22 | -0.09 | -0.75 | -0.79 | -0.88 | -0.86 |
$0.00
/
+0.01%
Fees
Holdings
Daily Holdings (%) as of 12/04/2025
Download XLS| Holding Name |
% of Net Assets |
Maturity
|
Identifier (FIGI)
|
Coupon | Asset Class | Market Value |
Par Value/ Contracts
|
Country | Currency | Notional Value |
|---|---|---|---|---|---|---|---|---|---|---|
| China Petrochemical Corp | 7.87 |
08/09/2029 |
BBG01P4YG1C1 |
2.000 | Bond | 1425196.62 |
10,000,000 |
China | CNY | -- |
| Agricultural Development Bank Of China | 6.68 |
04/17/2030 |
BBG00T5W65H4 |
2.960 | Bond | 1211076.65 |
8,020,000 |
China | CNY | -- |
| China Government Bond | 5.78 |
11/25/2033 |
BBG01K7F2RV7 |
2.670 | Bond | 1048141.00 |
6,950,000 |
China | CNY | -- |
| China Government Bond | 5.65 |
08/15/2027 |
BBG01P50WT44 |
1.620 | Bond | 1023180.82 |
7,170,000 |
China | CNY | -- |
| Bank Of Communications Co Ltd | 4.59 |
09/26/2026 |
BBG01JFQCCP6 |
2.700 | Bond | 831700.37 |
5,800,000 |
China | CNY | -- |
| China Everbright Bank Co Ltd | 4.59 |
09/25/2026 |
BBG01JFC3RS1 |
2.720 | Bond | 831699.94 |
5,800,000 |
China | CNY | -- |
| State Grid Corp Of China | 4.41 |
08/30/2027 |
BBG019D7X798 |
2.880 | Bond | 798300.03 |
5,500,000 |
China | CNY | -- |
| China Petroleum & Chemical Corp | 4.18 |
07/27/2026 |
BBG011YTLFY1 |
3.200 | Bond | 756945.08 |
5,240,000 |
China | CNY | -- |
| China Development Bank | 4.01 |
09/20/2029 |
BBG00Q77Y760 |
3.450 | Bond | 725898.74 |
4,800,000 |
China | CNY | -- |
| China Development Bank | 3.77 |
01/08/2029 |
BBG00MYXXD15 |
3.480 | Bond | 683842.81 |
4,460,000 |
China | CNY | -- |
| China Development Bank | 3.66 |
07/06/2028 |
BBG00L9FPQB3 |
4.040 | Bond | 663378.52 |
4,360,000 |
China | CNY | -- |
| China Huaneng Group Co Ltd | 3.63 |
04/21/2026 |
BBG00CP5Z6K0 |
3.950 | Bond | 657563.95 |
4,500,000 |
China | CNY | -- |
| China Development Bank | 3.54 |
10/20/2030 |
BBG00XTTTGW0 |
3.700 | Bond | 641456.06 |
4,150,000 |
China | CNY | -- |
| Guangdong Hengjian Investment Holding C | 3.51 |
01/14/2027 |
BBG014H8C7N0 |
3.280 | Bond | 635959.57 |
4,300,000 |
China | CNY | -- |
| China Development Bank | 3.35 |
09/11/2033 |
BBG01J6PFBR5 |
2.690 | Bond | 607479.27 |
4,060,000 |
China | CNY | -- |
| Export-Import Bank Of China/The | 2.90 |
07/16/2031 |
BBG011RSSMT5 |
3.380 | Bond | 525825.71 |
3,400,000 |
China | CNY | -- |
| Agricultural Development Bank Of China | 2.83 |
02/04/2028 |
BBG00Z3HDY48 |
3.480 | Bond | 512883.97 |
3,400,000 |
China | CNY | -- |
| China Government Bond | 2.82 |
05/25/2034 |
BBG01MZDW4M5 |
2.270 | Bond | 510265.44 |
3,490,000 |
China | CNY | -- |
| China Government Bond | 2.81 |
07/15/2028 |
BBG01HCSYR36 |
2.400 | Bond | 509510.75 |
3,480,000 |
China | CNY | -- |
| China Government Bond | 2.79 |
09/15/2030 |
BBG01J798WS1 |
2.600 | Bond | 506307.40 |
3,400,000 |
China | CNY | -- |
| China Government Bond | 2.79 |
01/25/2030 |
BBG01RVXTLJ4 |
1.430 | Bond | 505371.86 |
3,550,000 |
China | CNY | -- |
| Export-Import Bank Of China/The | 2.75 |
08/19/2032 |
BBG0196BFK43 |
2.900 | Bond | 499187.95 |
3,300,000 |
China | CNY | -- |
| China Three Gorges Corp | 2.75 |
05/11/2026 |
BBG00002SMS5 |
4.150 | Bond | 497496.70 |
3,400,000 |
China | CNY | -- |
| China Development Bank | 1.65 |
05/21/2029 |
BBG00P4N57V4 |
3.650 | Bond | 298866.02 |
1,950,000 |
China | CNY | -- |
| Export-Import Bank Of China/The | 1.48 |
11/16/2030 |
BBG00Y4CB3N0 |
3.740 | Bond | 268988.25 |
1,740,000 |
China | CNY | -- |
| China Government Bond | 1.44 |
02/25/2034 |
BBG01LLMJZR3 |
2.350 | Bond | 260462.85 |
1,760,000 |
China | CNY | -- |
| China Government Bond | 1.38 |
09/15/2027 |
BBG01X2RXCX5 |
1.440 | Bond | 249881.87 |
1,760,000 |
China | CNY | -- |
| China Development Bank | 1.02 |
03/01/2031 |
BBG00ZF4B415 |
3.660 | Bond | 185015.04 |
1,170,000 |
China | CNY | -- |
| Export-Import Bank Of China/The | 0.50 |
02/13/2033 |
BBG01F3SXS11 |
3.100 | Bond | 90450.36 |
580,000 |
China | CNY | -- |
| 0.55 |
-- |
-- |
-- | Cash Bal | 99918.50 |
706,374 |
China | CNY | -- | |
| 0.47 |
-- |
-- |
-- | Cash Bal | 84907.05 |
84,907 |
United States | USD | -- | |
| Other/Cash | -0.15 |
-- |
-- |
-- | Cash | -26767.15 |
0 |
-- | USD | -- |
Portfolio
Currency Exposure (%) as of 11/30/2025
| Chinese Renminbi | 99.15 |
| Other/Cash | 0.85 |
Country Weightings (%) as at 11/30/2025
-
Country
% of Net Assets -
China
99.15 -
Other/Cash
0.85
Maturity (%) as at 11/30/2025
-
Years
Maturity (%) -
< 1
23.80 -
1 - 3
22.80 -
3 - 5
34.60 -
5 - 7
3.90 -
7 - 10
14.00 -
10 - 15
0.00 -
15 - 20
0.00 -
20 - 30
0.00 -
30 +
0.00
Distributions
Distribution History
| Ex-date |
Record Date |
Payable date |
Dividend Income‡ |
Short-Term Capital Gains |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|---|---|---|---|---|---|---|---|
| 11/28/2025 | 11/28/2025 | 12/03/2025 | $ 0.0298 | -- | -- | -- | $ 0.03 |
| 11/03/2025 | 11/03/2025 | 11/06/2025 | $ 0.0315 | -- | -- | -- | $ 0.03 |
| 10/01/2025 | 10/01/2025 | 10/06/2025 | $ 0.0307 | -- | -- | -- | $ 0.03 |
| 09/02/2025 | 09/02/2025 | 09/05/2025 | $ 0.0299 | -- | -- | -- | $ 0.03 |
| 08/01/2025 | 08/01/2025 | 08/06/2025 | $ 0.0330 | -- | -- | -- | $ 0.03 |
| 07/01/2025 | 07/01/2025 | 07/07/2025 | $ 0.0323 | -- | -- | -- | $ 0.03 |
| 06/02/2025 | 06/02/2025 | 06/05/2025 | $ 0.0344 | -- | -- | -- | $ 0.03 |
| 05/01/2025 | 05/01/2025 | 05/06/2025 | $ 0.0342 | -- | -- | -- | $ 0.03 |
| 04/01/2025 | 04/01/2025 | 04/04/2025 | $ 0.0323 | -- | -- | -- | $ 0.03 |
| 03/03/2025 | 03/03/2025 | 03/06/2025 | $ 0.0300 | -- | -- | -- | $ 0.03 |
| 02/03/2025 | 02/03/2025 | 02/06/2025 | $ 0.0304 | -- | -- | -- | $ 0.03 |
| 12/27/2024 | 12/27/2024 | 12/30/2024 | $ 0.0573 | -- | -- | -- | $ 0.06 |
| 12/02/2024 | 12/02/2024 | 12/05/2024 | $ 0.0321 | -- | -- | -- | $ 0.03 |
| 11/01/2024 | 11/01/2024 | 11/06/2024 | $ 0.0344 | -- | -- | -- | $ 0.03 |
| 10/01/2024 | 10/01/2024 | 10/04/2024 | $ 0.0325 | -- | -- | -- | $ 0.03 |
| 09/03/2024 | 09/03/2024 | 09/06/2024 | $ 0.0324 | -- | -- | -- | $ 0.03 |
| 08/01/2024 | 08/01/2024 | 08/06/2024 | $ 0.0348 | -- | -- | -- | $ 0.03 |
| 07/01/2024 | 07/01/2024 | 07/05/2024 | $ 0.0344 | -- | -- | -- | $ 0.03 |
| 06/03/2024 | 06/03/2024 | 06/06/2024 | $ 0.0377 | -- | -- | -- | $ 0.04 |
| 04/23/2024 | 04/24/2024 | 04/29/2024 | $ 0.0450 | -- | -- | -- | $ 0.05 |
| 04/01/2024 | 04/02/2024 | 04/05/2024 | $ 0.0408 | -- | -- | -- | $ 0.04 |
| 03/01/2024 | 03/04/2024 | 03/07/2024 | $ 0.0543 | -- | -- | -- | $ 0.05 |
| 02/01/2024 | 02/02/2024 | 02/07/2024 | $ 0.0390 | -- | -- | -- | $ 0.04 |
‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.
Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.
The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.